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Calvalley Petroleum reports resumption of production

CALGARY -- Calvalley Petroleum has provided the following operations update for its shareholders.

The company reported that production operations at Block 9 are being resumed as storage capacity at the central processing unit (CPF) becomes available.

The Company has been informed by the operator of Block 18 that the oil pipeline between Block 18 and the Ras Isa Terminal on the Red Sea has been repaired. Trucking of crude oil to Block 18 was reinstated effective May 31, 2014.

Truck shipments were suspended by the operator of Block 18 on May 14, 2014. During the period May 15, 2014 to May 31, 2014, the company produced approximately 14,000 bbl of crude oil. The company will be resuming production operations at Hiswah, Ras Nowmah and Ras Nowmah South as soon as storage capacity is made available.

Calvalley is an international oil and gas company, with offices in Calgary, Alberta, Canada, that operates its 50% working interest in Block 9 of the Masila basin, in The Republic of Yemen.



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